JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) Sets New 12-Month High – Still a Buy?

JPMorgan Diversified Return U.S. Small Cap Equity ETF (NYSEARCA:JPSE) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $58.71 and last traded at $58.63, with a volume of 9668 shares trading hands. The stock had previously closed at $57.66.

JPMorgan Diversified Return U.S. Small Cap Equity ETF Stock Up 1.9%

The company’s 50-day simple moving average is $56.61 and its 200 day simple moving average is $53.95. The company has a market capitalization of $596.52 million, a P/E ratio of 15.86 and a beta of 0.99.

Hedge Funds Weigh In On JPMorgan Diversified Return U.S. Small Cap Equity ETF

Several hedge funds have recently bought and sold shares of JPSE. Ameriprise Financial Inc. lifted its position in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 130,614 shares of the company’s stock worth $5,945,000 after buying an additional 4,853 shares during the last quarter. Bank of America Corp DE raised its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 1.4% in the 2nd quarter. Bank of America Corp DE now owns 571,912 shares of the company’s stock valued at $26,015,000 after acquiring an additional 7,723 shares in the last quarter. MML Investors Services LLC raised its stake in shares of JPMorgan Diversified Return U.S. Small Cap Equity ETF by 10.7% in the 2nd quarter. MML Investors Services LLC now owns 36,179 shares of the company’s stock valued at $1,646,000 after acquiring an additional 3,491 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 61.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 196,437 shares of the company’s stock worth $9,785,000 after purchasing an additional 74,870 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management lifted its holdings in JPMorgan Diversified Return U.S. Small Cap Equity ETF by 2.2% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 193,075 shares of the company’s stock worth $9,617,000 after purchasing an additional 4,113 shares during the last quarter.

About JPMorgan Diversified Return U.S. Small Cap Equity ETF

The JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a multi-factor index comprised of US small-cap stocks. The index uses a combination of fundamental and technical factors for stock selection, and inverse volatility for weighting. JPSE was launched on Nov 15, 2016 and is managed by JPMorgan Chase.